Union Pacific Corporation $UNP Stake Increased by Barrett & Company Inc.

Barrett & Company Inc. grew its holdings in Union Pacific Corporation (NYSE:UNP) by 70.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 581 shares of the railroad operator’s stock after purchasing an additional 240 shares during the period. Barrett & Company Inc.’s holdings in Union Pacific were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Pines Wealth Management LLC lifted its holdings in shares of Union Pacific by 1.7% in the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock valued at $595,000 after purchasing an additional 43 shares in the last quarter. Titleist Asset Management LLC lifted its holdings in shares of Union Pacific by 1.1% in the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock valued at $946,000 after purchasing an additional 44 shares in the last quarter. Five Oceans Advisors lifted its holdings in shares of Union Pacific by 3.9% in the second quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock valued at $272,000 after purchasing an additional 44 shares in the last quarter. Stiles Financial Services Inc lifted its holdings in shares of Union Pacific by 1.6% in the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock valued at $700,000 after purchasing an additional 48 shares in the last quarter. Finally, Avalon Trust Co increased its stake in shares of Union Pacific by 5.1% in the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator’s stock worth $237,000 after acquiring an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.9%

UNP stock opened at $236.60 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a 50-day moving average of $223.67 and a two-hundred day moving average of $224.59. The stock has a market capitalization of $140.33 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.44 and a beta of 1.07.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the prior year, the company earned $2.74 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. Union Pacific’s dividend payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UNP. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and upped their price target for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Sanford C. Bernstein upped their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Morgan Stanley dropped their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Finally, BMO Capital Markets increased their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $260.54.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.